Binance THORChain (RUNE) Quiz Answers

Q1. What is the native coin of THORChain?

Answer: RUNE

Q2. How many types of users are there in THORChain?

Answer: 4

Q3. What is the total supply of THORChain’s native coin?

Answer: 500 million

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Q4. What are the use cases of THORChain’s native coin?

Answer: Governance, incentivization, settlement & network security

Q5. How does THORChain secure its network?

Answer: Tendermint Byzantine Fault Tolerance, Cosmos-SDK & Threshold Signature Scheme (TSS)

Q6. How would a BTC-to-ETH swap happen on THORChain?

Answer: Internally, there will be a BTC to RUNE swap, and then a RUNE to ETH swap

Q7. Which of the following statements is true?

Answer: RUNE is used to subsidize gas fees and reward Liquidity Providers and Node Operators

Q8. Who Secures The Network?

Answer: Node Operators

Q9. THORChain is a layer 2 DEX

Answer: False

Q10. What is the role of trader in the THORChain’s native ecosystem?

Answer: Function as an oracle to deliver data

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2. 1 Minutes
3. 2 Hours
4. Yes, but you need compatible wallets
5. SpaceX

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Q: What is KyberSwap?
A: All are correct

Q: What is KyberDAO?
A: Kyber Network’s community governance platform

Q: Users can use KyberSwap’s Discover feature to discover potentially trending tokens.
A: True

Q: The Amplification (AMP) factor is used to .
A: Mimic higher levels of liquidity

Q: Which blockchain is KyberSwap based on?
A: Ethereum

Q: Users can earn KNC by
A: All are correct.

Q: KyberSwap uses a Market Maker protocol?
A: Dynamic

Q: What is Kyber Network’s native token?
A: KNC

FRONT Tier Answer:- ⤵️

Q: How does Frontier ensure the safety of its users?
A: Frontier performs rigorous due diligence on all natively integrated projects, requiring them to show security proof via audit reports.

Q: What is the role of FRONT in the Frontier ecosystem?
A: FRONT is the utility token of the Frontier ecosystem. It has a total supply of 100M and is mainly used to reward users for exploring DeFi and using the Frontier wallet.

Q: What is the difference between native wallet integration by Frontier and non-native wallet integration?
A: Native wallet integrations are implemented directly inside a wallet, while non-native rely on third-party applications and dapp browsers.

Q: Which popular NFT arketplaces does Frontier support?
A: All are correct

Q: How many cryptocurrencies can you swap using Frontier?
A: 4000+

Q: Which non-EVM blockchains does Frontier currently support?
A: Solana, Tezos, Algorand, Zilliqa, Bluzelle, Elrond, BNB Beacon Chain

Q: What is native staking in Frontier?
A: Native staking is the staking of assets with validators to secure a blockchain, performed natively within the Frontier wallet application

Q: On which devices is Frontier supported?
A: iOS & Android

Q: What is the benefit of Frontier's Smart DeFi Notifications?
A: Smart DeFi Notifications keep users up-to-date on their DeFi, NFT, and GameFi positions across all networks

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